Booster Shots Approved For Some

Plus: The Fed Tiptoes Towards Tighter Monetary Policy You are receiving this limited-time email resource as a subscriber to Kiplinger's free e-newsletters. To unsubscribe at any time, simply click the link in the footer below. SEPTEMBER 24, 2021 [View in browser]( HOW TO PROTECT AND GROW YOUR BUSINESS AND INVESTMENTS NOW The Centers for Disease Control and Prevention yesterday basically confirmed the Food and Drug Administration’s recommendation that Pfizer booster shots be given to those age 65 and older, to those age 18 to 64 with high-risk medical conditions, and to front-line workers such as healthcare workers and teachers. The difficulty for both the FDA and the CDC was where to draw the line. The FDA’s list also allows day care, grocery, shelter and prison workers to receive booster shots. The CDC punted by saying that it also supported a booster for those “who are at increased risk for COVID-19 exposure and transmission because of occupational or institutional setting,” without defining those categories. --------------------------------------------------------------- SPONSORED CONTENT FROM SMARTASSET [7 Secrets People Who Retire Comfortably Know About Financial Advisors]( Working with a financial advisor is a crucial part of any retirement plan. Knowing these 7 secrets can help you avoid years of stress. [READ MORE]( --------------------------------------------------------------- Currently, booster shots are only approved for those who received the Pfizer vaccine the first time. It is expected that boosters for those who received the Moderna and Johnson & Johnson vaccines will also be approved, but both the FDA and CDC will need to examine these further, as well as the question of whether people can get a different booster from what they were given the first time. Tighter monetary policy from the Federal Reserve is imminent. The Fed has signaled it is likely to start reducing its purchases of Treasuries and mortgage-backed bonds as early as November and may start hiking short-term interest rates as soon as next fall, though that’s far from certain. Fed Chair Jerome Powell says that the central bank will start raising rates only once it is certain that the economy ready for it. But if inflation continues to run higher than the Fed is expecting—a real possibility, we think—then Powell may have no choice but to start hiking rates. For now, don’t expect a big move in interest rates. Short-term rates on loans like home equity lines of credit won’t move before the Fed raises its rate. Yields on long-term bonds—and, by extension, mortgage rates—are likely to perk up after the Fed starts tapering its bond purchases, but the rise figures to be gradual. Free download, [The Kiplinger Letter's Forecast](. No information required from you. SPONSORED CONTENT FROM EASYKNOCK [6 Steps to Get Your Home Value Without a Home Equity Loan]( Cash Out Without Moving Out. EasyKnock buys your home, and you stay put. You get the money you need, all while maintaining a stake in your home. Rent for as long as you'd like, or repurchase or move on your timeline. [READ MORE]( RELATED LINKS [Before You Sign Up for Health Insurance at Work, Read This]( [The Psychology of Why Some People Can’t Say ‘No!’]( [11 Best Things to Keep in a Safe Deposit Box]( [PODCAST: ETFs and Mutual Funds with Todd Rosenbluth]( [Sign Up Free for Kiplinger Today -- Timely Tips to Make and Keep More of Your Money Every Day]( [Kiplinger] [Facebook]( [Twitter]( [LinkedIn]( Send this to a friend. [Click here.]( All content ©2021 The Kiplinger Washington Editors 1100 13th Street, NW, Suite 1000 Washington, D.C. 20005 Thank you for subscribing to Kiplinger's A Step Ahead, a free resource to help readers navigate the economic recovery from COVID-19. If you ever wish to stop receiving this service, please [click here to unsubscribe](.